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Basement Finish Write-Off for independent contractor working from home
I am an independent contractor working from home. I got my basement finished last year.
I am using one room in the basement 100% as my home office.
The room is roughly 1/6 of the total space in the basement so I guess I'd write off 1/6 of the total cost. However, I don't know where to enter this cost or how to write the associated cost off.
March 16, 2022
3:37 PM